Question · Q2 2025
Speaking for Lizzie Dove, Ryan Davis inquired about any observed shifts in consumer behavior or preferences amid macroeconomic choppiness and whether supplier relationships have changed due to recent tariff volatility.
Answer
CEO John Zillmer stated that Aramark is not seeing any real change in consumer behavior, emphasizing the recession-resilient nature of its portfolio where people work, get medical care, and receive education. He also noted that the impact from tariffs is expected to be de minimis, as the company has alternative supply sources and long-term contracts to manage any potential volatility without fundamentally changing supplier relationships.
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ARMK's earnings beat/miss a week before the call